May 27, 2010

DOW JONES DAILY CHART
  • DOW JONES MAY FORM AN INVERTED HEAD AND SHOULDER PATTERN
  • RIGHT SHOULDER IS YET TO FORM.
  • BREAKING OF 10150 WILL LEAD TO A TARGET OF 10400 AND 10700.
  • LET THE PATTERN FULLY COMPLETE AND DO A BREAK OUT BEFORE TAKING A LONG POSITION.
THANK YOU

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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore